Difference between an ordinary annuity and an annuity due

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1. What is an annuity?

2. What is the difference between an ordinary annuity and an annuity due?

3. Which annuity has the greater future value: an ordinary annuity or an annuity due? Why?

4. Which annuity has the greater present value: an ordinary annuity or an annuity due? Why?

Reference no: EM131279074

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